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re: What do you consider a good salary?

Posted on 5/19/17 at 2:25 pm to
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 5/19/17 at 2:25 pm to
quote:

maybe if you are just starting off $60k is a good salary but if you are in the midst of your career I feel bad if you think that's a good salary in 2017


My actual first year salary was less than 60k and I have an engineering degree and started in the oil field during the boom (I admit I made more with bonuses and such, but not a ton). Very few people made more starting out. Those 90k out of college jobs were for like 5 people in each engineering departments graduating class. Id say the average LSU student starts in the mid to high 30's and STEM students start in mid 40's.....on average. It's a decent salary starting out.
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 5/19/17 at 2:25 pm to
DP
This post was edited on 5/19/17 at 2:50 pm
Posted by Hickok
Htown
Member since Jan 2013
2963 posts
Posted on 5/19/17 at 2:27 pm to
Living cost +$2500 a month is good for a single guy.
Posted by LoveThatMoney
Who knows where?
Member since Jan 2008
12374 posts
Posted on 5/19/17 at 2:27 pm to
Depends where you live.
Posted by Ton
New Orleans
Member since Dec 2015
156 posts
Posted on 5/19/17 at 2:28 pm to
I used to make 80k but recently quit my job to pursue a ME degree. I hope to make a little more than that in a few years. So to answer your question, anything over 80k is good in my book.
Posted by LSU Tiger Bob
South
Member since Sep 2011
3100 posts
Posted on 5/19/17 at 2:29 pm to
Will you be wearing white boots or a white coat?
Posted by sweetwaterbilly
Member since Mar 2017
19584 posts
Posted on 5/19/17 at 2:32 pm to
I think I make a reasonable amount for being 27, but I'm at the point where I'm looking for more. I always refer to the COL calculators online when looking at prospective jobs. You can put in X salary in different locations and see what the +/- is against your current COL.

I would say anywhere between $40-60k is good, but again it all depends on career path, location, etc.
Posted by doliss
Northern VA
Member since Sep 2009
1047 posts
Posted on 5/19/17 at 2:34 pm to
You ask this on the OT and expect an actual legit answer?
Posted by BeerMoney
Baton Rouge
Member since Jul 2012
8785 posts
Posted on 5/19/17 at 2:36 pm to
Always seems like I need 20% more than I am making. Regardless of the number.

Current lifestyle and bills I could manage on $100k. My wife thinks we need $200k but that bitch. Is keeping up with the Jones.
Posted by yellowfin
Coastal Bar
Member since May 2006
98750 posts
Posted on 5/19/17 at 2:36 pm to
Define good salary
Posted by AUsteriskPride
Albuquerque, NM
Member since Feb 2011
18385 posts
Posted on 5/19/17 at 2:37 pm to
$75k+
Posted by cjared036
Houston, tx
Member since Dec 2009
9569 posts
Posted on 5/19/17 at 2:39 pm to
M birthday is 12/31 so I feel fortunate that my age in concurrent with each turn of the year. So I look at it on a year by year basis.

My only goal each year to grow and improve myself each year. that includes income, wealth, status, relationships.

If I have that I feel pretty happy.

I have been fortunate to grow my income each year for the past 7 years. I know that may level off sooner or later.

live richly with everything that is around you.
Posted by MrSpock
Member since Sep 2015
5061 posts
Posted on 5/19/17 at 2:39 pm to
Something on the order of 125k+.
Posted by Peazey
Metry
Member since Apr 2012
25424 posts
Posted on 5/19/17 at 3:38 pm to
That's a lot more realistic and in line with what the actual statistics show.

For some actual data driven examples of starting salaries in Louisiana as calculated as being the bottom 10% of their occupation:

Chemical Engineer: almost $70k
Electrical Engineer: $58k
Mechanical Engineer: $54k
Accountant/Auditor: almost $40k

And these are all generally considered to be desirable occupations with good career paths.
Posted by bmy
Nashville
Member since Oct 2007
48203 posts
Posted on 5/19/17 at 4:26 pm to
Anything over 100k combined should be plenty of money in most of the country.
Posted by jennBN
Member since Jun 2010
3242 posts
Posted on 5/19/17 at 4:41 pm to
120k is about the lowest I am comfortable with.
Posted by nola000
Lacombe, LA
Member since Dec 2014
13139 posts
Posted on 5/19/17 at 5:01 pm to
Posted by Koach K
Member since Nov 2016
4801 posts
Posted on 5/19/17 at 5:20 pm to
Salary = W-2 = non-ownership = fast track to nowhere
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